Mission Produce (NASDAQ:AVO) Stock Rating Reaffirmed as Overweight by Stephens

Mission Produce (NASDAQ:AVO)‘s stock had its “overweight” rating restated by analysts at Stephens in a report released on Friday, Benzinga reports. They presently have a $15.00 price target on the stock. Stephens’ price target points to a potential upside of 29.59% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings cut Mission Produce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 18th. Roth Capital restated a “buy” rating and issued a $17.00 target price on shares of Mission Produce in a research report on Thursday, September 10th. Finally, Wall Street Zen upgraded shares of Mission Produce from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Mission Produce Trading Down 1.8%

AVO traded down $0.22 during trading on Friday, reaching $11.58. The company had a trading volume of 607,386 shares, compared to its average volume of 1,024,119. The company has a quick ratio of 1.24, a current ratio of 1.92 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $12.78. The stock has a market cap of $1.01 billion, a P/E ratio of 385.30 and a beta of 0.43. Mission Produce has a 52 week low of $10.07 and a 52 week high of $15.53.

Mission Produce (NASDAQ:AVO) last announced its earnings results on Tuesday, September 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The business had revenue of $450.00 million for the quarter, compared to the consensus estimate of $367.58 million. Mission Produce had a net margin of 0.12% and a return on equity of 5.91%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that Mission Produce will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Stephen Barnard sold 111,358 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $13.01, for a total transaction of $1,448,767.58. Following the completion of the transaction, the chairman directly owned 1,695,185 shares in the company, valued at approximately $22,054,356.85. This represents a 6.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 250,062 shares of company stock valued at $3,238,747. Corporate insiders own 30.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fourth Sail Capital LP increased its stake in shares of Mission Produce by 258.5% in the second quarter. Fourth Sail Capital LP now owns 3,976,272 shares of the company’s stock worth $46,880,000 after purchasing an additional 2,867,072 shares during the period. Rubric Capital Management LP bought a new position in Mission Produce in the 1st quarter worth approximately $23,756,000. BlackRock Inc. lifted its holdings in shares of Mission Produce by 36.9% during the second quarter. BlackRock Inc. now owns 4,775,250 shares of the company’s stock worth $56,300,000 after buying an additional 1,286,263 shares during the last quarter. State Street Corp grew its stake in shares of Mission Produce by 41.3% in the second quarter. State Street Corp now owns 1,423,029 shares of the company’s stock worth $16,778,000 after acquiring an additional 416,126 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Mission Produce by 809.2% during the first quarter. Bank of America Corp DE now owns 444,135 shares of the company’s stock worth $6,111,000 after acquiring an additional 395,287 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce News Summary

Here are the key news stories impacting Mission Produce this week:

• Positive Sentiment: Stephens reaffirmed its “overweight” rating and set a $15.00 price target, implying approximately 29.6% upside from the recently quoted share price. The endorsement suggests the firm views Mission Produce’s valuation and growth prospects favorably. Stephens rating and price target
• Positive Sentiment: At its 2026 Investor Day, Mission Produce outlined a five-year plan targeting mid-single-digit organic sales growth and 300 basis points of margin expansion. Management also established a longer-term ambition to double sales and triple adjusted EBITDA by 2035, potentially supporting high-single-digit to double-digit annual shareholder returns if executed successfully. Mission Produce Investor Day financial targets
• Neutral Sentiment: The company’s analyst and investor-day presentations provide additional detail on its strategy, including expansion and profitability initiatives. However, the targets are primarily long term, so investors may be looking for more evidence of near-term earnings acceleration. Mission Produce Analyst and Investor Day transcript
• Negative Sentiment: Shares declined sharply during the latest session, with coverage attributing the weakness to investor reaction surrounding the company’s outlook and investor-day disclosures. The stock was also reported to be down 6.8% since its most recent earnings report, indicating that investors have not yet rewarded the company despite its prior revenue and EPS beat. Why Mission Produce shares are plunging Mission Produce stock performance since earnings

Mission Produce Company Profile

Mission Produce, Inc is a global avocado sourcing, distribution and marketing company headquartered in Oxnard, California. The company supplies fresh avocados to retailers, foodservice operators, wholesalers and other customers, managing activities that include procurement, quality control, ripening, packaging and distribution.

Mission Produce sources avocados from growing regions in North and South America and other international markets. Its operations are supported by ripening and distribution facilities designed to provide customers with avocados at different stages of readiness.